Astec industries, inc. (ASTE)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash flows from operating activities:
Net income

20,483

-18,361

2,956

23,362

14,217

-47,095

6,903

-40,768

20,216

10,854

-2,703

14,359

15,080

12,334

6,835

18,141

17,678

3,434

1,958

11,657

14,917

8,404

1,766

14,489

9,547

8,284

6,527

11,152

13,251

10,922

7,380

10,429

12,258

8,638

7,764

14,105

10,158

6,014

7,396

10,330

8,832

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

6,328

-

6,559

6,588

6,551

-

6,875

6,867

7,013

-

6,476

6,366

6,411

-

6,331

5,917

5,870

-

5,931

6,071

6,040

-

6,421

6,200

5,528

-

5,641

5,595

5,428

-

5,813

5,809

5,901

-

4,813

4,807

4,642

-

4,621

4,704

4,866

Provision for doubtful accounts

588

163

280

750

56

78

-3

230

-82

266

127

-347

436

-47

7

31

289

179

169

-96

-234

593

86

322

10

406

-29

-136

388

515

74

162

8

195

350

630

335

78

-78

-62

51

Provision for warranties

2,732

2,742

2,524

1,750

2,746

3,104

2,586

4,076

3,453

4,883

3,594

4,252

3,996

5,777

4,835

4,685

3,615

2,020

3,261

4,316

4,146

360

4,304

4,461

3,671

2,781

3,151

3,507

2,760

2,034

3,270

3,106

2,742

3,498

3,695

2,935

2,901

-

-

-

-

Deferred compensation expense (benefit)

-343

543

-70

-267

411

-1,113

-540

265

-166

151

33

-382

-376

502

242

618

380

447

-530

-68

392

317

-827

-1

585

294

180

-59

186

201

104

-636

446

299

-790

-33

479

384

88

-125

192

Provision for inventory reserve

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,815

1,164

1,301

Provision for warranty

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-23,243

2,924

4,095

2,859

Tax benefit from stock incentive plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3

347

1

87

86

412

69

-1

0

-76

-63

-2

-1

173

132

3

166

9

1,041

-133

-280

-49

Stock-based compensation

1,134

519

379

701

1,038

412

449

418

903

368

960

797

1,017

915

1,001

509

511

647

-253

497

359

228

279

330

363

449

369

208

435

554

241

429

61

780

397

700

923

1,164

416

182

633

Deferred income tax provision

13,494

-7,478

781

4,481

3,931

-26,972

1,708

-207

86

-67

21

127

-372

-

-

-

-

1,400

-640

-1,306

-2,013

1,580

-2,025

-437

-1,662

-679

165

-1,457

-249

2,429

44

855

2,895

-581

172

-191

-1,382

748

-74

754

-1,925

(Gain) loss on disposition of fixed assets

694

54

-133

75

-251

-178

66

135

48

96

95

64

133

-98

225

26

71

295

29

192

13

142

23

79

62

6

-39

131

65

5

52

58

141

50

28

16

-40

4

-51

56

-1

Asset impairment charges

1,646

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distribution from Supplemental Employee Retirement Program (Serp Rabi trust) to Serp participant after termination.

136

140

1,060

695

312

476

107

60

124

0

83

0

123

7

433

0

92

337

54

2,595

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in operating assets and liabilities:
Sale (purchase) of trading securities, net

369

1,747

-833

994

-1,044

130

292

228

108

-399

-129

461

-406

328

439

428

678

-293

-38

1,063

-327

316

-340

-112

18

124

-249

1,584

-109

-599

43

830

-128

329

-1,037

-1,011

-14

-1,960

360

124

530

Trade and other receivables

16,644

10,619

-24,869

2,910

3,809

8,677

-16,707

-9,525

33,744

8,515

-39,317

-7,359

45,910

-329

-20,558

8,115

17,667

-659

-12,849

-11,656

22,001

-1,508

-14,987

9,369

14,050

-630

-4,881

-1,428

15,788

-14,515

-10,757

6,366

11,351

2,623

-2,370

4,248

20,053

32,276

-3,848

-1,401

-15,116

Inventories

315

-62,558

-3,979

-5,651

10,891

-68,598

34,431

-16,370

19,780

-19,714

18,413

8,753

12,166

-38,959

13,419

-10,027

4,728

10,127

1,782

-5,884

474

22,477

6,339

-5,779

18,896

9,418

17,056

-3,298

13,385

-5,839

20,065

8,680

18,239

-4,056

8,943

8,489

19,682

1,658

-19,658

19,300

815

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-152

-1,384

-

-

1,944

-1,952

1,469

824

2,248

222

2,576

-1,449

1,018

1,070

706

-18

114

764

-1,974

166

787

976

-354

84

-224

-17

Prepaid expenses and other assets

-2,495

3,109

62

245

-1,156

12,739

1,482

-5,376

3,098

9,782

-1,099

-3,101

-401

-7,978

-2,984

2,074

4,042

6,849

-588

-684

-2,561

4,656

1,354

-393

-1,628

6,297

-6,726

78

5,784

2,428

228

1,549

-2,550

1,960

-1,116

560

-1,581

-8,535

-5,332

2,019

6,316

Accounts payable

7,792

-4,069

-6,893

-5,976

3,970

-4,204

9,866

-5,112

9,293

-2,190

-4,842

-8,614

16,276

5,602

-3,263

-1,696

8,193

3,172

-6,065

-13,749

5,233

8,900

-4,558

-7,106

13,519

-1,254

2,716

-5,005

4,571

-711

-2,368

-4,313

967

7,924

-3,928

-2,625

7,631

4,357

1,913

-4,702

5,783

Accrued and payroll related expenses

-4,559

-

-

-

-4,966

-

-

-

-3,929

-

-

-

-7,687

-

-

-

-975

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amount of increase (decrease) in the standard product warranty accrual.

2,129

2,469

2,717

2,644

2,643

3,059

2,998

8,657

2,825

3,570

3,888

3,724

3,460

4,114

5,442

3,212

2,357

2,678

3,828

11,055

-3,384

-3,512

-4,804

-4,330

-2,917

-2,523

-2,288

-2,870

-2,482

-2,655

-2,494

-2,662

-3,210

-2,358

-2,691

-2,662

-2,813

-

-

-

-3,024

Customer deposits

-5,154

-1,052

8,778

-8,256

-4,769

-3,417

7,058

-6,301

2,138

-1,661

4,227

6,967

-154

-36,447

13,328

219

22,138

8,826

732

-2,353

-10,902

6,661

-4,784

4,422

-816

-1,658

-1,751

-12,282

10,255

1,661

-750

8,730

-4,723

3,487

-1,261

3,023

986

6,246

566

5,088

-3,572

Prepaid, refundable and income taxes payable, net

-18,469

3,228

1,295

7,075

594

14,738

-1,914

-15,609

6,468

15,649

-8,399

-16,096

8,249

-5,474

951

-5,041

9,745

-2,301

-4,456

-7,880

10,544

-1,386

-448

-4,309

5,007

874

652

-7,987

5,638

3,126

3,225

-7,239

2,499

-

-

-

4,638

-

-

280

1,150

Other accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,198

-3,721

2,294

212

535

3,607

-1,880

5

Other

2,319

-952

1,607

2,031

-3,412

-4,341

1,913

3,598

-2,013

90

-2,055

6,718

-3,387

6,627

929

-1,661

-5,870

-1,806

443

-2,531

507

-938

1,419

-3,375

-301

36

2,020

-277

-3,488

48

631

2,677

-3,368

-

-

-

-

-

-

-

-

Net cash provided by operating activities

5,561

28,259

41,304

30,884

11,987

-9,251

-38,955

30,742

-12,321

31,132

19,801

5,670

-14,722

38,033

32,720

18,990

45,063

8,722

7,782

7,766

6,596

6,018

-177

11,918

1,104

-871

13,642

-7,696

786

34,837

5,559

-249

-11,514

37,225

-1,803

7,260

-10,375

16,028

919

35,460

9,629

Expenditures for property and equipment

5,774

5,436

9,267

4,934

3,723

9,922

8,799

3,708

5,011

6,126

3,074

5,440

5,406

9,884

4,218

8,211

5,054

5,719

4,814

3,796

6,873

6,406

4,819

5,262

8,364

5,531

6,924

5,879

9,339

8,730

5,878

6,041

5,369

7,102

10,360

14,704

3,964

3,711

3,866

2,008

1,751

Sale of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

16,249

-

0

-15,000

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of property and equipment

1,912

215

132

96

40

45

87

184

59

143

126

71

140

37

433

33

111

9,676

80

243

55

192

355

112

84

73

122

152

77

-245

67

90

463

55

66

90

49

46

85

51

20

Other

186

-

-974

-524

91

-

12

-488

393

-

19

269

292

-

53

109

12

-

290

-819

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used by investing activities

-4,048

-5,291

-8,161

-4,314

-3,774

-10,320

-8,724

-3,036

-5,345

-32,737

-2,967

-5,638

-5,558

-9,534

-43,451

-8,287

-4,955

3,806

-4,846

-2,734

-6,818

-6,214

-4,464

-40,115

7,969

-5,458

-6,802

-20,727

-9,262

33,965

-5,811

-5,951

-4,906

-31,954

-18,294

-14,614

-3,915

-3,665

-3,781

-1,957

-1,731

Cash flows from financing activities:
Payment of dividends

2,485

2,480

2,480

2,478

2,478

2,476

2,531

2,310

2,308

2,306

2,307

2,307

2,306

2,305

2,304

2,304

2,304

2,300

2,298

2,299

2,296

2,293

2,292

2,291

2,291

2,286

2,285

2,285

0

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings under bank loans

0

1,130

43,809

56,179

64,862

99,981

48,523

0

0

-

-

-

-

4,278

356

-55

1,394

20,593

8,234

26,109

51,098

105,765

2,535

3,143

2,104

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of bank loans

696

50

71,929

83,980

68,075

67,223

23,636

462

643

659

654

1,328

4,601

333

3,233

1,217

1,120

19,280

10,503

24,772

50,012

103,188

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34

0

42

36

22

0

-1

493

294

8

490

20

420

248

491

272

Tax benefit from stock option exercise

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3

347

1

87

86

412

69

-1

0

-76

-63

-2

-1

173

132

3

166

9

117

133

280

49

Sale / (purchase) of company stock by SERP, net .

38

-64

46

25

-263

-131

33

97

-376

-163

33

126

-285

252

-2

-77

-20

-4,137

-28

78

2,003

-

-

-

46

211

92

-150

60

-571

68

72

58

-460

57

81

56

40

71

-84

-52

Withholding tax paid upon vesting of restricted stock units

565

43

152

0

160

0

0

68

364

6

0

0

501

0

2

0

1,022

0

0

0

600

0

15

136

802

-1

0

0

783

118

30

0

686

0

0

0

0

-

-

-

-

Sale (purchase) of subsidiaries shares to/from minority shareholders, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

201

1,384

-

172

224

1,673

-

0

1,030

0

-

-

-

-

-

-

-

-

Net cash used by financing activities

-3,784

-1,379

-30,798

-30,320

-5,588

20,188

8,409

-2,964

-2,939

-2,883

-2,994

-3,792

-7,123

1,614

-5,185

-4,377

-3,072

-543

-4,519

-1,540

540

132

460

995

853

-3,305

-2,022

-2,169

910

-23,227

-100

933

-78

383

-46

575

-27

618

452

687

269

Effect of exchange rates on cash

-2,732

979

-961

49

160

-470

-262

-1,476

265

389

432

466

433

-216

-83

-298

347

-908

-785

397

-877

-733

-623

857

-521

-1,144

367

-1,426

-188

-210

0

-459

635

114

-1,610

98

-109

250

1,787

-1,385

588

Net change in cash and cash equivalents

-5,003

22,568

1,384

-3,701

2,785

147

-39,532

23,266

-20,340

-4,099

14,272

-3,294

-26,970

29,897

-15,999

6,028

37,383

11,077

-2,368

3,889

-559

-797

-4,804

-26,345

9,405

-10,778

5,185

-32,018

-7,754

45,365

-352

-5,726

-15,863

5,768

-21,753

-6,681

-14,426

13,231

-623

32,805

8,755

Supplemental Cash Flow Information